One of the key advantages of using cryptocurrencies has always been convenience. With online currencies you do not have to have a bank account or enclose your personal data, instead it is easy to make transactions simply using a mobile phone as long as you are connected to the internet. With the opportunity to make transactions in Bitcoin Cash via CoinText your job can become even easier.
CoinText is a great innovation allowing making transactions via simple SMS text messages while keeping it safe and secure. This great integration is full of opportunities for cryptocurrency owners and here are some of those:
Even more people will be able to use Bitcoin.
Having the opportunity to use simple text messages to make transactions provides independence from internet connection. This means that even if you or the person you may wish to make a transaction to are not connected to the internet or do not own a smartphone you will still be able to make transactions in Bitcoin Cash.
The platform is super easy to use.
If you wish to start using CoinText you will not need to create an account or use special software. In fact when a transaction is made to someone who does not have a wallet set up the system creates one for that person automatically. This means the person can access it straightaway so there are no waiting periods, extra technical issues or delays.
CoinText insures absolute privacy.
Even if you are using your mobile phone to send SMS for the transaction all your personal data remains secure and anonymous. The system is built in the way that it doesn’t store any of your personal information including your phone number, transaction details or any other information in your device.
Before integrating with CoinText Bitcoin would rely on either QR codes or apps making the service limited for only smartphone users hence CoinText is the next step in making Bitcoin Cash transactions more convenient and accessible to everyone.